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C & CO COHEN & COMPANY REPORTS FIRST QUARTER 2021 FINANCIAL RESULTS First Quarter Net Income Attributable to Cohen & Company Inc. of $ 9.4 Million , or $ 6.98 per Diluted Share First Quarter Adjusted Pre - Tax Income of $ 37.6 Million , or $ 7.52 per Diluted Share INSU Acquisition Corp. II Merger with Metromile , Inc. Contributes $ 33.4 Million to Adjusted Pre Tax Income in First Quarter Summary Operating Results COHEN & COMPANY Philadelphia and New York , May 6 , 2021 - Cohen & Company Inc. ( NYSE American : COHN ) , a financial services firm specializing in fixed income markets and , more recently , in SPAC markets , today reported financial results for its first quarter ended March 31 , 2021 . ( $ in thousands ) Total revenues Compensation and benefits Non - compensation operating expenses Goodwill impairment Operating income Interest expense , net Income ( loss ) from equity method affiliates Income ( loss ) before income tax expense ( benefit ) Income tax expense ( benefit ) Net income ( loss ) Less : Net income ( loss ) attributable to the noncontrolling interest Net income ( loss ) attributable to Cohen & Company Inc. Fully diluted net income ( loss ) per share Adjusted pre - tax income ( loss ) Fully diluted adjusted pre - tax income ( loss ) per share Three Months Ended 12/31/20 3/31/20 1 3/31/21 $ 102,676 26,647 5,584 70,445 ( 2,014 ) ( 835 ) 67,596 868 66,728 57,373 $ 9,355 $ 6.98 $ 37,626 $ 7.52 $ 66,365 23,479 5,111 $ 17,770 14,134 5,198 7,883 37,775 ( 9,445 ) ( 1,951 ) ( 2,605 ) ( 244 ) ( 107 ) 35,580 ( 12,157 ) ( 8,046 ) ( 372 ) ( 11,785 ) ( 8,683 ) $ ( 3,102 ) $ ( 2.70 ) 43,626 28,875 $ 14,751 $ 7.64 $ 23,779 $ 4.64 $ ( 4,114 ) $ ( 1.04 ) Net income attributable to Cohen & Company Inc. was $ 9.4 million , or $ 6.98 per diluted share , for the three months ended March 31 , 2021 , compared to $ 14.8 million , or $ 7.64 per diluted share , for the three months ended December 31 , 2020 , and net loss of ( $ 3.1 ) million , or ( $ 2.70 ) per diluted share , for the three months ended March 31 , 2020. Adjusted pre - tax income was $ 37.6 million , or $ 7.52 per diluted share , for the three months ended March 31 , 2021 , compared to $ 23.8 million , or $ 4.64 per diluted share , for the three months ended December 31 , 2020 , and adjusted pre - tax loss of ( $ 4.1 ) million , or ( $ 1.04 ) per diluted share , for the three months ended March 31 , 2020 .